LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 5, 2001
  
  
          TO:  Honorable J.E. "Buster" Brown, Chair, Senate Committee on
               Natural Resources
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB673  by Jackson (Relating to the authority of a
               municipality to lease or sell property used for the
               purpose of operating certain properties located on
               certain state-owned lands.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill proposes to grant authority to a municipality to sell or lease
property on certain state-owned lands. The General Land Office would be
allowed to grant to the purchaser, a lease of the state-owned tideland,
water, and bed beneath the property for not more than 99 years.
Specifically, Chapter 307 of the Local Government Code authorizes, among
other provisions, the City of Galveston to use submerged state lands
belonging to the Permanent School Fund for the construction of a pier.
  
Local Government Impact
  
The Texas Municipal League was contacted regarding local fiscal impact
issues.

No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   305   General Land Office
LBB Staff:         JK, CL, DB